Thread regarding AT&T layoffs

The company can pretty much do anything they want to our severance policies. If you look at the trends, ATT is reducing or eliminating anything that helps the individuals little by little. Small changes over time so no one notices.

There is risk to stay and risk if you go. Severance is not guranteed and some states it’s not required. It’s a gamble either way. And which is more predictable you and your work ethic or the random decisions and strategy that we’ve seen from leadership. I don’t know about you but I’d rather be the one I count on!

@TTQUcap-qnh is correct in that, the only way this "offer" makes any sense is if you knew you were retiring this year anyway. When you retire, you don't get severance...so if you were retiring anyway, this is gravy. For anyone else that fits the demographic of folks they want to leave (long term employees that aren't ready to retire) it makes no sense. There is a management severance plan. If you're surplussed, you'll be given severance according to the plan (which currently caps at 6 months). Which is no different than the severance offered in the MVO. So unless they announce they are rescinding/ terminating the severance plan, and you are not ready to retire, you'd be foolish to volunteer.

If that plan is supposed to work, the company needs to emphasize that there is no severance with the upcoming surplus. Right now too many people are assuming that their severance with surplus is the same as the voluntary management offer. If the severance is the same, why not work the extra two months and collect the additional pay?

Up to* 50%

Assuming that you are talking about mgmt buyout, it’s not about being generous, it about giving people a choice to take 50% of their pay for a year just to retire vs. getting nothing and retiring. You retire and they layoff you instead of someone that doesn’t want to get laid off. You don’t take it because you think they’re going to offer something else and you’ll get nothing. The question is for those that want to retire, “Do I want free money when I leave?” Or “Do I not care and keep working and get nothing when extra when I put my paper in to retire.” Because there is no guarantee that they are going to offer this again soon.